New Delhi, Delhi, India
ITT India, a 100 per cent subsidiary of ITT Corporation (NYSE:ITT), today signed a MoU with GreenSpaces to collaborate for providing its world-class fluid technology solutions for its IT/ITES SEZ planned near Delhi.
The SEZ is being promoted by Paharpur Business Centre & Software Technology Incubator Park. The tie-up with ITT is part of the plans to create GreenSpaces as the world's most energy efficient commercial building and Platinum rated LEED (Leadership in Energy and Environmental Design) Green Building under the United States Green Building Council (USGBC) rating system for Green Buildings.
"To create a truly green building of world standards, we plan to work with with the world leader in fluid technology as applied to water and wastewater treatment, sewage treatment and recycling of water. ITT's fluid handling solutions proven world over will significantly contribute to our plans to make GreenSpaces the world's most energy efficient commercial building and achieve the coveted status of a Platinum LEED certified building", said Mr. Kamal Meattle, Chief Executive Officer. GreenSpaces.
"The IT / ITES SEZ in Faridabad is the first of the GreenSpaces projects. A state-of-the-art, Biotech Park in Sahibabad, U.P. (on Delhi - U.P border) is also proposed to be established to suit MNCs for setting up laboratories. It is planned for opening along with Green Spaces in a SEZ in 2010", said Mr Meattle.
ITT Corporation, a USD Nine billion global multi-industry corporation, has businesses in Fluid Technology, Motion & Flow Control and Defense. The Fluid Technology Group with sales of over USD 3 billion is the largest pump company in the world and a leader in the water and wastewater market. The Fluid Transport brands are Goulds, Bell & Gosset, Lowara, Flygt, AC Pumps, Pumpsmart, etc whereas the Fluid Treatment brands are Sanitaire, Wedeco, Leopold, etc.
"ITT's Fluid Technology Group plans to achieve a leadership position in the USD 3 billion market for transport and treatment business in India. The tie-up with GreenSpaces will give us an opportunity to showcase some of our global solutions in India", said William Taylor, ITT's President for China and India.
"ITT's leading brands are very popular globally and in India. With the launch of our first-ever pump engineering, assembly and testing facility in India at Vadodara in May 2008, we are a position to grow aggressively in different customer segments including oil & gas, building services, municipal, thermal and nuclear power, pipeline, steel, paper, utility and aquaculture", said Sam Yamdagni, President and Managing Director, ITT India.
ITT's Vadodara facility will be making core products for two of the three divisions of the Fluid Technology Group and will be expanded as more product lines are bought into India and more divisions plan to invest in India. The facility will also expand with the growth of the Indian market.
About ITT Corporation
ITT Corporation (www.itt.com) supplies advanced technology products and services in several growth markets. ITT is a global leader in the transport, treatment and control of water, wastewater and other fluids. The company plays a vital role in international security through its defense communications and electronics products; space surveillance and intelligence systems; and advanced engineering and related services. It also serves the growing leisure marine and electrical connectors markets with a wide range of products. Headquartered in White Plains, N.Y., the company generated $7.8 billion in 2006 sales. In addition to the New York Stock Exchange, ITT Corporation stock is traded on the Euronext and Frankfurt exchanges
About GreenSpaces IT / ITES SEZ, Faridabad
From Selecto Systems Private Limited, a sister concern of Paharpur Business Centre & Software Technology Incubator Park (PBC™-STIP).
Government of India approved Special Economic Zone (SEZ) for Information Technology (IT) and IT Enabled Services (ITES)
-- Built up area of ~160,000 square meters
-- International quality plug & play offices with flexible interiors on large floor plates
-- 6 KMs from Delhi border in Faridabad, Haryana
-- Heliport
-- U.S. GBC LEED certified "Platinum Rated Green Building"
-- World's most energy efficient commercial building
-- World class Telecom Infrastructure with optical fiber backbone enabling reliable and fast data communication linkages
-- Uninterrupted clean power supply backed by a captive power plant
-- Excellent accessibility via all communication routes
-- Abundant skilled manpower without regional accent bias
-- Government approved SEZ as an IT/ITES Park with attendant special tax incentives
-- Various Tax Exemptions in a Special Economic Zone under the State as well as Central Government like Customs, Income Tax, Excise, Central Sales Tax, Service Tax, Local Taxes
-- Located 30 minutes by car from the center of Delhi on National Highway 2 to Agra
-- Direct air-conditioned access from Delhi METRO into the Park building (under consideration by Govt.)
Planned amenities like Duty Free Recreation Centers, Food Courts, Retail, Daycare Centers, Medical Sick Bay, Gym, Swimming Pools, Health Club & Spa, Meditation Center, Overnight Residential Rooms, Travel Agency, Banks, Educational facilities and Parking for over 1,650 vehicles.
About Paharpur Business Centre & Software Technology Incubator Park:
Paharpur Business Centre & Software Technology Incubator Park (PBCTM- STIP) is a state-of-the-art, environmentally attractive one-stop shop for international companies entering India.
It has been in business since 1990 and its clients include a large number of Fortune 500 firms and other international corporations.
PBCTM - STIP is a Government of India approved private STP. It offers a suite of 28 support services in the Greater Delhi area (NCR).
It includes fully furnished, serviced offices on a "plug and play" basis, 24x7 conferencing facility and BPO incubator facility with fully equipped video conference rooms that offers mountain fresh air, rich in oxygen.
It publishes its sustainability reports as per GRI guidelines including reporting its triple bottom line.
It is recognized by the industry and has received awards and recognition as appreciation of its unique way of doing business, without compromising on ethics and work culture.
On the centenary celebrations of PHDCCI, PBC™- STIP was awarded the Ethics is Good Business Award, presented by H.E. Dr. APJ Abdul Kalam, President of India, in December 2005.
In March 2007, it received the prestigious IMC Ramakrishna Bajaj National Quality Award, Certificate of Merit, 2006.
It is a winner of the Greentech Environment Excellence Gold Award 2007
It is ISO 9001:2000, ISO 14001:2004, SA 8000:2001, OSHAS 18001:1999 and HACCP certified with a Commitment to UN Global Compact www.pbcnet.com
Source: ITT Corporation (Business Wire India)
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